Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,186 members, 7,957,444 topics. Date: Tuesday, 24 September 2024 at 12:39 PM |
Nairaland Forum / Nairaland / General / Business / China's Billion Dollar Loans To Africa: Why US Should Be Worried (23182 Views)
Payhippo Raises $3 Million In Seed Funding To Extend Quick Loans To SMEs / CBN Suspends All Loans To NIRSAL As Corruption Scandal Rocks Anchor Borrowers, / Affiliate Marketing: They Are Taking Advantage Of Multi-billion Dollar Industry (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by emmie14: 4:35pm On Sep 04, 2018 |
superior1:What are the leadership of Africa doing with these fat loans? As far as Nigeria is consign there is no infrastructural development and upgrades. Everything is stagnant. 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by AlphaStyles(m): 4:35pm On Sep 04, 2018 |
Everybody be smiling and thank u china and bashing the usa no worry na when time reach to pay back those loans and we no get then you will know whatsup |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by pointstores(m): 4:35pm On Sep 04, 2018 |
Africa need working brain and not loans since inception load can not help 2 Likes |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Ugosample(m): 4:36pm On Sep 04, 2018 |
nextstep: Trust me, China is a worse imperialist than the West The Chinese are ruthless and unethical They are here in Africa for raw materials, resources And plunder. They hire their own people, use their own company and all Africa gets is crumbs Illegal mining is going on everywhere in Africa, land grabbing is real, and instead of our leaders to use their brain and dine with the devil with long spoon, in tyoical black man foolishness and emptiness, they are putting out countries up for sale for their benefit Only Africans can develop Africa, and has the best interest of Africa at heart, and are in the best position to develop it But Alas, even the Africans do not want the development of their countries Anyways, wetin concern me, my descendents will be far from that cesspit when the repercussions come 5 Likes |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by bigpicture001: 4:36pm On Sep 04, 2018 |
Dpharisee:..mr man.nowliaten to d real education cuz ur so so myopic about the world of development. the US has never ever made itself a loan giving country, instead it gives grants which are free of interest. do u know that the US AID spend more money on aub-sahara African on developments than even the united nations and also.more than the govt of these countries. I mean human development. du u know that the US AID offset the medical drugs cost of more than 4million HIV carriers in Nigeria. du u know that the US govt is the only reason ur police that is known for brutality does not go ahead and kill u. mayb u don't know how the SARS, prison wardens and co fear amnesty international. I know cuz Av been dia b4. now u don't even know that more than 80peecent of china's scholarships to Nigeria are for those going to learn the chinese language. so u know the chinese govt dos not care if ur president steals all d money dey loaned to them..? do u know that the US govt is so just that it gave a court rulling victory against it own firm for oil pollution in the niger delta whilat the Nigerian judicial system has already supported the Americans. have u heard about any happy worker in Nigeria in a chinese firm. du u know that most of these infrastructure loans come with clauses that more than 60 percent chinese firms will execute the projects who is deceiving u dat the US is expoiting.nigerians or africans,they instead see us as ppl who are suffering nd need help,which they render through loans,grant.hunan right record. good govt and transparent govt. Go ahead and embrace china and later loose ur famous tin can island port or a portion of Niger delta oil wells. ur a big fool to tink china support Africa. they instead are luking to hook on to African resources...nd take full ownership of them forever....open ur eyes ma man. china does love u.the west do instead 10 Likes 3 Shares |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by toye440: 4:36pm On Sep 04, 2018 |
CROWNWEALTH019:kai it shall b well with you. |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Ugosample(m): 4:41pm On Sep 04, 2018 |
magicminister: that has been my fear |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by ClintonNzedimma(m): 4:41pm On Sep 04, 2018 |
People making me laugh....Its not their fault, they haven't worked for a Chinese man before 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by bigpicture001: 4:41pm On Sep 04, 2018 |
contigiency:..hiw..? |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by AlphaStyles(m): 4:41pm On Sep 04, 2018 |
Ugosample:leave dem dy never know watin dy sup 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Ugosample(m): 4:44pm On Sep 04, 2018 |
win2kwire: no mind them |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by akigbemaru: 4:44pm On Sep 04, 2018 |
nextstep: |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by ayaside(m): 4:46pm On Sep 04, 2018 |
And Africa keeps on selling their birthright.Colonizing in the 21st Century.We haven't learnt nothing from history apart from for.we heads of state. |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by akigbemaru: 4:47pm On Sep 04, 2018 |
magicminister: |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by GavelSlam: 4:49pm On Sep 04, 2018 |
Africans complain about everything that surround them forgetting they too are responsible for their own precarious position. A look at the typical commentary here would depict how each person tries to exonerate himself from the dysfunction, rot and malfeasance that Africa is well immersed in. How many of you carry out research in your respective course of study? You studied botany but you've since been a banker and now hustler. You studied microbiology, got into yahoo, made bucks but nothing concern you with test tubes talkless of centrifuge. From where would intellectual growth come? How would we develop if all we do is complain about someone else? Nigerians hate the truth and I know the truth is we conduct no research, hence no development , no ground-breaking invention, no new stream of income. Dey there make pant dey wear you. 4 Likes |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Chrisenwa: 4:49pm On Sep 04, 2018 |
Rather WHY AFRICA SHOULD BE WORRIED!!! All these funds can't be just for nothing in return! |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by jomoh: 4:50pm On Sep 04, 2018 |
akandi4u: Tell that to Dangote with over $12billion in debt to build his refinery that is yet to produce anything after 5years. |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by vincixpresso: 4:51pm On Sep 04, 2018 |
Vocnewsblog:It seems you didn't understand a single thing from what you just read. China is after the control of your resources, and not benevolence. Nothing goes for nothing. Get that into your head.For instance, your family loans money from a wealthier family, using the family business as collateral. The wealthy family knows you can't pay back within the stipulated time, & also that you will mismanage the money, but they go ahead and give give you the loan just because they are in dire need of your family business, and you are here calling it benevolence, mtcheww. I tire for you. 2 Likes |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by akigbemaru: 4:52pm On Sep 04, 2018 |
eodavids: 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Ugosample(m): 4:52pm On Sep 04, 2018 |
ClintonNzedimma: no mind them I have never seen a hypocritical country like China before Corruption and corrupt/unethical practices is punishable by death in China However, in Africa, they support their people and firms to commit all sort of unethical crimes and diplomatic cover to escape when shit hits fan Western corporations are more ethical, pay staff better, does csr and if their countries find out that they practiced unethical things abroad; they will be in big trouble, that is why they are careful, and that is why tgey are having it rough in Africa with the incursion of the Chinese The Chinese can deal with autocratic regimes freely, bribe, steal and ruin the environment with NO consequence A western corporation is restrained in that dept 3 Likes |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Nobody: 4:55pm On Sep 04, 2018 |
bigpicture001: But if you look deeper they are all ripping us off, just that America is doing it in a humane way. Africans need to do away with these lazy useless leaders before our descendants end up as modern slaves |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by akigbemaru: 4:56pm On Sep 04, 2018 |
bigpicture001: 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by bigpicture001: 4:56pm On Sep 04, 2018 |
olajide8:....plz Hw is trump.ploting to be richer than america |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by PastorAji(m): 4:58pm On Sep 04, 2018 |
ClintonNzedimma:wattabout Indians and Lebanese? 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by Nobody: 4:59pm On Sep 04, 2018 |
DaniDani:Africa was colonized back then by the Europeans and Portuguese with all our resources, both economic and human, plundered to develop the Western world. Now China is back with financial colonization and African countries are falling into the trap so easily. I honestly pray God should open the eyes of understanding of African leaders on what this portends for future generations. Economic slavery. |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by bigpicture001: 4:59pm On Sep 04, 2018 |
Jiang:...u may b ryt to say dey are both ripping us.. but America has shown over decades that it is for transparent, corupt free, poverty free, tyranny free African govts.africa loves china ONLY cuz it's helps them.to steal all her resources |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by bigpicture001: 5:01pm On Sep 04, 2018 |
bigpicture001: |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by djon78(m): 5:03pm On Sep 04, 2018 |
magicminister: You got it spot on. That technology transfer is the worst. And for Africa to develop we need serious technology transfer. This was how Asian countries developed starting from Japan copying American technologies, then later Asian tiger's, China then India. But African leaders with short sighted ness lack even basic understanding of what is facing future generations. |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by ClintonNzedimma(m): 5:10pm On Sep 04, 2018 |
PastorAji:lol... anything Asian, nor call me except pay is mouth watering 1 Like 1 Share |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by haryomikun(m): 5:10pm On Sep 04, 2018 |
Tallesty1:The guy obviously only read the title and concluded... He doesn't understand shii about the article |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by magicminister: 5:10pm On Sep 04, 2018 |
Dpharisee: I am also against the high interest loans we received from Europe and America. However, those loans were free of conditions and European and some North American conglomerates opened showed in nigeria. E.g Guinness, Heineken, pwc, total, chevron, Delloitte, kpmg and some here and there. P.s. I am not saying the American and European loans helped us but atleast the money was allowed to circulate to our own people but our leaders mismanaged it. On the contrary, there Chinese loan is still a high interest loan that flows back to them. The Chinese projects inNigeria are paid for by those loans but they only use Chinese workers. The guise of building infrastructures without training the locals is just as callous as it gets. The whole thing seems like the Chinese are giving a loan to themselves but Nigerians will pay them the value of the loan and the interest. It’s a loose loose situation for us!! 1 Like |
Re: China's Billion Dollar Loans To Africa: Why US Should Be Worried by ClintonNzedimma(m): 5:13pm On Sep 04, 2018 |
Ugosample:When you support the west, some people will call you a white man worshipper, that you should emancipate your self from mental slavery....If America goes down, the free world goes down with them |
ECOWAS To Implement Common Currency In West Africa – Official / What Can I Buy From Dubai with N500k? / A Blind Man In Jos Selling Phone Cords/Chargers (Photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 92 |